Weatherford International plc (WFRD) Q3 FY2026 earnings

Reported results

• Third quarter revenue of $1,143 million increased 3% sequentially and decreased 7% year-over-year
• Third quarter operating income (GAAP) of $153 million increased 43% sequentially and decreased 14% year-over-year
• Third quarter net income attributable to Weatherford (GAAP) of $120 million increased 208% sequentially with a net income margin of 10.5%
• Third quarter adjusted EBITDA* of $254 million increased 14% sequentially with adjusted EBITDA margin* of 22.2%, an increase of 204 basis points sequentially
• Third quarter cash provided by operating activities of $192 million and adjusted free cash flow* of $155 million, with capital expenditures of $45 million
• Shareholder return of $47 million for the quarter, consisting of dividend payments of $19 million and share repurchases of $28 million

Guidance

• Redomestication to Delaware expected to generate approximately $20 million to $30 million of annual cash savings beginning in 2027
• Company is increasing full year adjusted free cash flow* guidance and expects a meaningful ramp in adjusted EBITDA* in the fourth quarter

Notes

Non-GAAP measures marked with asterisk (*) are reconciled in the document. The company issued notice on October 20, 2026 to redeem $236 million principal amount of 8.625% Senior Notes due 2030 at 100% of principal amount, expected to reduce annualized cash interest expense by approximately $20 million. Redomestication shareholder approval was obtained and remains subject to Irish High Court sanction and other closing conditions. The company completed the acquisition of NCS Multistage Holdings, Inc. during the quarter.

Price and volatility reaction

The stock moved +7.8% on the print. No front-expiry chain was on file, so there is no straddle expected move.

Source

The figures above come from the earnings release the company filed with the SEC on 2026-10-20 (8-K, Item 2.02). Read the original filing on sec.gov.